The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
* Sees Q3 rev up as much as 8.4% from year earlier
* Q2 profit T$66.77 bln vs T$65.92 bln analyst view
* Q2 revenue down 1.4% on year in U.S. dollar terms (Adds more comments from CEO and background on 5G)
TAIPEI, July 18 (Reuters) - Taiwan's TSMC forecast that robust demand for 5G chips will drive a stronger second-half even as it anticipates a dispute between Japan and South Korea involving chip-making materials to be a big source of uncertainty.
The world's largest contract chipmaker and supplier to Apple Inc reported on Thursday a decline in second-quarter profit. But it said demand is likely to recover during the rest of 2019, particularly from smartphone makers, hampered at present by the impact of a Sino-U.S. trade war.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) forecast third-quarter revenue to rise as much as 8.4% from a year earlier in U.S. dollar terms.
"Although our business continues to be impacted by a global slowing economy ... we have also passed the bottom of the cycle of our business and again began to see demand increasing," Chief Executive Officer and Vice Chairman C.C. Wei told analysts during an earnings briefing.
TSMC, which makes modem chips for U.S. chipmaker Qualcomm Inc, is expected to see early gains from the shift to 5G as smartphone makers including Samsung Electronics Co Ltd and Huawei race to develop phones enabled with that technology.
5G is a network technology for wireless communications that could be up to 100 times faster than current 4G networks, and modem chips connect devices like phones to these networks.
Apple is also likely to turn to Qualcomm for 5G chips after its sole chip supplier Intel said in April it would exit the modem chip business. Apple, though, is not expected to launch a 5G iPhone until September 2020.
"For 5G, if you look at next year, the biggest influencer should be smartphone, and secondly high performance computing, which includes both networking and infrastructure," said Wei, adding that demand for 5G chips from auto makers would also help.
The spread of 5G networks helped Dutch semiconductor equipment maker ASML Holding NV, a supplier to TSMC, beat analysts' second-quarter earnings estimates on Wednesday.
Even so, analysts were cautious on TSMC's outlook, citing a slower-than-expected introduction of 5G technology and still-tepid demand for smartphones.
"With a still-slow demand recovery and excessive inventory, we think wafer orders from fabless companies might remain weak," Fubon Securities analyst Sherman Shang wrote in a research note prior to TSMC's earnings announcement, referring to chipmaking factories known as fabs.
Taiwan's supply chain manufacturers have been navigating slowing global demand for smartphones as well as market disruption stemming from tit-for-tat import tariffs between China and the United States.
Adding to risk factors, Japan last week tightened curbs on exports of high-tech materials used in smartphone displays and chips to South Korea, home to the world's biggest memory chip makers, Samsung and SK Hynix Inc.
Chairman Mark Liu said the dispute is a major uncertainty for the coming months as it is likely to impact technology supply chains, as Japan dominates the market for the materials in question.
Earlier, TSMC reported a 7.6% decline in April-June net profit at T$66.77 billion ($2.15 billion), just ahead of analyst estimates.
Revenue rose 3.3% to T$241 billion, but fell 1.4% to $7.75 billion in U.S. dollar terms - still topping the average of 23 analyst estimates compiled by Refinitiv.
Prior to TSMC's announcement, its shares closed up 0.8% versus a 0.25% fall in the wider market.
Shares in the company - which has a market value of about $210 billion and trails just Samsung and Intel by that measure among chip- and chip-equipment makers - have risen around 13% so far this year. ($1 = 31.0350 Taiwan dollars)
(Reporting by Yimou Lee and Clare Jim; Editing by Christopher Cushing, Sayantani Ghosh and Muralikumar Anantharaman)